IMF considers Pakistan economic teams deceitful, liars

[Nair saab]

Saying is easy , doing is difficult

Advice is all we can give, who cares if they follow it cozz we provided it for free...

 

[Ajaxpaul]

this is a golden chance for Pakistan to reform its law and allow more FDI into the country.

 

[Guest01]

Anyway, this year India and Australia are scheduled to have bumper agricultural crops so that will reduce the export prices of those commodities too. Oil will not subside in near future owing to the conflict situation continuing in the middle east and that will put pressure on the balance of payments. With devaluation the exports become stronger for Pakistan but the goods that are being exported are majorly textiles and with Bangladesh growing in that field, it could not be the greatest development there also. And of course increasing food inflation due to the currency devaluation + increasing cost of debt repayment could be disasterous. Best to increase taxes internally, reduce the biggest expenditure that they have = defence (they need to be more careful on that because the military aid from US will now only dwindle unless Kayani changes strategy) and reduce overall budget deficit. Not a good situation to be in overall. Inflation is the biggest thing that they need to watch out for, for evident reasons. This was anway always looking to be moving towards a debt trap situation.

 

[fatman17]

Anyway, this year India and Australia are scheduled to have bumper agricultural crops so that will reduce the export prices of those commodities too. Oil will not subside in near future owing to the conflict situation continuing in the middle east and that will put pressure on the balance of payments. With devaluation the exports become stronger for Pakistan but the goods that are being exported are majorly textiles and with Bangladesh growing in that field, it could not be the greatest development there also. And of course increasing food inflation due to the currency devaluation + increasing cost of debt repayment could be disasterous. Best to increase taxes internally, reduce the biggest expenditure that they have = defence (they need to be more careful on that because the military aid from US will now only dwindle unless Kayani changes strategy) and reduce overall budget deficit. Not a good situation to be in overall. Inflation is the biggest thing that they need to watch out for, for evident reasons. This was anway always looking to be moving towards a debt trap situation.

how so?

u seem to be only stating this with reference to Pakistan - FYI, Russia is suffering, Australia will also take some time to recover from their rains/floods - Africa will always need food-aid and with the turmoil in the ME, these countries will also stock up with imports - the Philippines have a serious rice shortage and BTW, India and Aus are not the only ones having a bumper crop, so is Pakistan - wheat, rice and sugar are in abundance with export potentials.

american and australian grains (wheat and rice) are very expensive - almost a US$100/ton more expensive than asian grains and developing and 3rd world countries cannot afford expensive grains, so they will continue to look at contries like Pakistan for wheat, rice and sugar.

 

[Guest01]

how so?

u seem to be only stating this with reference to Pakistan - FYI, Russia is suffering, Australia will also take some time to recover from their rains/floods - Africa will always need food-aid and with the turmoil in the ME, these countries will also stock up with imports - the Philippines have a serious rice shortage and BTW, India and Aus are not the only ones having a bumper crop, so is Pakistan - wheat, rice and sugar are in abundance with export potentials.

american and australian grains (wheat and rice) are very expensive - almost a US$100/ton more expensive than asian grains and developing and 3rd world countries cannot afford expensive grains, so they will continue to look at contries like Pakistan for wheat, rice and sugar.

I did not in anyway mean to say that Pakistan will not have very good crops this season Sir. What I meant to say was that we will not see the apprecaition in the commodity prices that we witnessed in 2009 and also to an extend in 2010. That will reduce the export earnings potential. Also if GoP has wisened to the earlier experiences, they will actually stop exports of the previous year levels because then the decision comes to haunt them when the government has to import later as expensive prices. Being an agragrian economy, I was only trying to draw attention to the future earnings on commodity exports with reference to the balance of payments situation and hence the forex earnings which will anyway directly impact the soveirgn debt repayment comfort.

 

[wingzero]

the IMF, they are just debt trapping banks run by drugs.

 

[Zeeshan360]

the IMF, they are just debt trapping banks run by drugs.

Instead of abusing IMF . Chk u r corrupt politicians and bureacrats who have no sense of economy